Casablanca, Croix, August 31, 2007 - Auchan and ONA groups have agreed to end the partnership they formed at the end of 2000 aimed at creating the Acima supermarket chain and developing the Marjane hypermarket network.
On August 23, Auchan Group sold its 49% stake in both retailers to ONA, which now fully owns both chains. The amount of the transaction reached 3.27 billion dirhams (291 million euros).
Auchan will continue to honour its support and sourcing contracts for the next coming months.
At the end of 2006, the 22 Acima supermarkets and 13 Marjane hypermarkets had generated combined pre-tax revenue of 6.9 billion dirhams (613 million euros) and employed 5,200 staff.